JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Reaches New 12-Month High – What’s Next?

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $85.28 and last traded at $85.07, with a volume of 139967 shares. The stock had previously closed at $84.70.

JPMorgan U.S. Tech Leaders ETF Stock Performance

The business’s 50 day moving average is $79.65 and its 200 day moving average is $73.03. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 47.95 and a beta of 1.82.

Institutional Investors Weigh In On JPMorgan U.S. Tech Leaders ETF

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan U.S. Tech Leaders ETF by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,973,820 shares of the company’s stock valued at $272,882,000 after buying an additional 404,942 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the 3rd quarter valued at $193,000. Private Advisor Group LLC boosted its stake in shares of JPMorgan U.S. Tech Leaders ETF by 125.3% during the 3rd quarter. Private Advisor Group LLC now owns 8,185 shares of the company’s stock valued at $562,000 after buying an additional 4,552 shares during the period. Cooper Financial Group acquired a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the 4th quarter valued at $322,000. Finally, Vertex Planning Partners LLC boosted its stake in shares of JPMorgan U.S. Tech Leaders ETF by 1.6% during the 3rd quarter. Vertex Planning Partners LLC now owns 109,028 shares of the company’s stock valued at $7,487,000 after buying an additional 1,684 shares during the period.

About JPMorgan U.S. Tech Leaders ETF

The JPMorgan U.S. Tech Leaders ETF JPMorgan U.S. Tech Leaders ETF (JTEK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that identifies US equities that are perceived as leaders in technology and technology-enabled industries such as engineering & construction, entertainment, biotechnology, pharmaceuticals, REITs, and energy-alternate sources.